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Flat White

Cost of living crisis? You get what you vote for

23 January 2024

3:00 AM

23 January 2024

3:00 AM

If the value of something is determined by what someone is willing to pay for it, who is left in Sydney that can afford to spend $1.2 million on a house?

Certainly not the average Australian. Considering the median total income in New South Wales is $55,000, after accounting for tax and cost of living, it would take close to 20 years to save for a down payment.

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